Financial Markets Authority - Latest News [Page 1]

IoD and FMA release te reo Māori directors’ guide

Wednesday, 11 September 2019, 9:26 am | Financial Markets Authority

The Financial Markets Authority (FMA) and Institute of Directors (IoD) have released a te reo Māori translation of The Essentials of Being a Director , coinciding with Māori Language Week. More >>

FMA cancels Barry Kloogh’s financial adviser authorisation

Wednesday, 4 September 2019, 3:06 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has cancelled the authorisation of Dunedin-based Mr Barry Edward Kloogh to act as a financial adviser, as a result of concerns regarding compliance with his broker obligations under the Financial Advisers Act 2008. More >>

Former Promisia chairman admits insider trading breaches

Wednesday, 28 August 2019, 2:21 pm | Financial Markets Authority

Eoin Malcolm Miller Johnson, a former director and chairman of NZX-listed Promisia Integrative Limited (PIL), has admitted to insider trading conduct and breaching a director’s disclosure obligations. He will pay $75,000, in lieu of a penalty, ... More >>

FMA finding on ANZ related party transaction

Thursday, 22 August 2019, 3:10 pm | Financial Markets Authority

The FMA said today it has completed its inquiry into disclosure by ANZ of the sale of the property at 269 St Heliers Bay Road by Arawata Assets Limited to Deborah Veronica Walsh (the wife of former CEO, David Hisco) and has determined that ANZ New Zealand ... More >>

Steven Robertson convicted on 38 charges relating to PTT Ltd

Monday, 19 August 2019, 1:40 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has today welcomed the Auckland High Court convicting Steven Robertson of 38 charges relating to PTT Limited and associated entities. More >>

FMA Statement on Court of Appeal judgment

Friday, 16 August 2019, 2:01 pm | Financial Markets Authority

The FMA notes the judgment from the Court of Appeal in relation to Mr Paul Bublitz and Mr Bruce McKay. More >>

Update: 21 charges filed by FMA against man

Friday, 9 August 2019, 3:06 pm | Financial Markets Authority

21 charges filed by FMA against man who convinced members of the public to ‘invest’ with him More >>

Westpac refunding $7 million for incorrect fees

Tuesday, 6 August 2019, 10:40 am | Financial Markets Authority

The Financial Markets Authority (FMA) and Commerce Commission have formally agreed with Westpac the steps the bank must take to refund fees to some 93,000 customers being overcharged $7 million. More >>

FMA suspends AxiCorp derivatives licence

Thursday, 1 August 2019, 1:39 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has suspended the derivatives issuer licence of AxiCorp Financial Services Pty Limited (trading as AxiTrader) for material breaches of the Financial Markets Conduct Act 2013, including: More >>

New Zealand launches ‘investment passport’

Friday, 26 July 2019, 1:30 pm | Financial Markets Authority

Kiwi investors and managed funds will now be able to do business more easily with Australia, Japan and Thailand, after New Zealand’s implementation of the Asia Region Funds Passport (ARFP). More >>

FMA confirms date for transitional licensing applications

Thursday, 25 July 2019, 9:46 am | Financial Markets Authority

The Financial Markets Authority (FMA) today announced it will start accepting transitional licence applications from 4 November 2019. More >>

Investor confidence stable and improving over time

Wednesday, 24 July 2019, 10:10 am | Financial Markets Authority

Confidence in New Zealand’s financial markets has remained stable over the past two years, despite volatile global markets and a focus on the culture and conduct of major financial institutions in Australia and New Zealand. More >>

FMA issues Stop Order against Syndicated Trusts Limited

Tuesday, 23 July 2019, 2:55 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has issued a Stop Order against Syndicated Trusts Limited (STL), ordering the company to stop advertising or accepting money for financial products. More >>

FMA sets out key focus areas for the year ahead

Tuesday, 23 July 2019, 10:56 am | Financial Markets Authority

The FMA today published its Annual Corporate Plan (ACP), which outlines its work plan for the next financial year and sets objectives for raising standards of behaviour across financial services. The development of the 2019-20 ACP is based on a new sector-based ... More >>

FMA annual review of NZX published

Thursday, 27 June 2019, 11:00 am | Financial Markets Authority

The Financial Markets Authority (FMA) has published its annual review of whether NZX met its statutory obligations as a licensed market operator. More >>

Banks commit to removing incentives for frontline staff

Monday, 24 June 2019, 2:04 pm | Financial Markets Authority

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More >>

$40,000 fine in first FMA case of company abuse of the FSPR

Thursday, 6 June 2019, 1:33 pm | Financial Markets Authority

Morgan DeVere fined $40,000 in first FMA case of company abuse of the FSPR More >>

21 charges filed by FMA against man over ‘investments’

Wednesday, 29 May 2019, 1:31 pm | Financial Markets Authority

21 charges filed by FMA against man who convinced members of the public to ‘invest’ with him More >>

Gap between what investors expect and what auditors deliver

Tuesday, 21 May 2019, 9:34 am | Financial Markets Authority

An FMA research project with investors, directors, managers and auditors has identified reasonable levels of confidence in audit quality, but also a serious gap in the expectations of investors and what auditors are delivering. The FMA commissioned the research ... More >>

10 formal AML/CFT warnings issued by FMA

Monday, 13 May 2019, 2:10 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). More >>

 

 

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